Global Breast Implant Market Projected To Grow At a CAGR Of 6.34% Upto 2025 – Axiom MRC

The market was extensively studied for important countries in North America, Europe, Asia-Pacific and Rest of the World. Along with all the leading countries, the market was also studied for France, Italy, China, Japan and India.

Axiom Market Research & Consulting™ added a report on global breast implant market. The global breast implant market is anticipated to grow at a CAGR of 6.34% for the forecast period 2019 to 2025. The global market is estimated and forecasted in terms of revenue (USD million) generated by the breast implant market. The market was studied for various product such as silicon and saline implants. Based on application, the global breast implant market is categorized into breast augmentation and breast reconstruction. Based on shape the market is bifurcated into round and anatomical. By end user the breast implant market is segmented into hospitals, clinics and ambulatory surgical units. Moreover, the key regions considered for the study were North America, Europe, Asia-Pacific and Rest of the World.

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Increasing Medical Tourism and Increased Focus on Physical Appearance is driving the breast implant market:

The demand for breast has led to an increase in the growth of market. The new trend of medical tourism has a driving effect on the economies of countries due to improvement in technology and transportation. Countries such as Brazil, South Korea, and Turkey are the key countries gaining popularity for medical tourism. Shorter waiting times and cheaper costs are the main reasons tourists go to these countries for breast implant procedures. Moreover, there has been an increase in the number of skilled medical professionals that perform breast implant surgical procedures. Various marketing strategies implemented by clinics and vendors also plays a key role in fueling the demand for breast implants.

Silicon segment dominated the breast implant market in 2018:
Amongst product, the silicon segment accounted the highest market share in 2018 as silicon represents one of the highly demanded and most revolutionary product used for breast implant surgeries. The major advantage of silicone implants is that it gives a more realistic feel and look more like natural breasts and is significantly lighter than saline.

Anatomical breast implants are anticipated to grow at a fastest rate over the forecast period:
The anatomical breast implant segment is anticipated to grow at a higher CAGR during the forecast period. Anatomical breast implants are also called as teardrop implants. Teardrop implants are made with highly cohesive silicone and appear to be more durable, with lower rates of rupture. The design of this type of implant are similar to the shape of a natural breast. Women undertaking natural-looking breast enhancement, usually opt for this kind of product.

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Breast augmentation segment dominates the global breast implant market and is anticipated to maintain its dominance over the forecast period:
Breast augmentation contributed toward the largest revenue share in 2018. This is due the growing emergence of cosmetic industry in order to enhance aesthetic appeal. According to the American Society of Aesthetic Plastic Surgeons, Breast Augmentation surgery is one of the most commonly performed cosmetic surgical procedure in the United States, allowing women with smaller breasts to enjoy a fuller, better-proportioned appearance.

The clinics segment is projected to grow at highest CAGR during the forecast period:
The clinics segment is anticipated to grow at a higher CAGR during the forecast period. The growth of the clinics segment in the breast implant market is mainly driven by technological advancements in the product offerings, increasing number of cosmetic clinics due to rising influence of medical tourism in the counties like Malaysia, Thailand and Brazil.

Asia Pacific is anticipated to be the fastest growing market during the forecast period 2019 to 2025:
Asia Pacific is expected to grow at a faster pace owing to the increasing population, rapidly developing economies, such as India and China and availability of untapped growth opportunities in the region. Likewise, North America accounted for largest market share in 2018. Growth of North America breast implant market is primarily driven by reasons such as low cost of procedures, availability of trained professionals.

The leading players of the global breast implant market are Allergan, Sientra Inc, Mentor Worldwide LLC, GC Aesthetics, Polytech Health and Aesthetics Gmbh, Hans Biomed Co. Ltd, Establishment Labs S.A, CEREPLAS, Ideal Implant Inc, Guangzhou Wanhe Plastic Materials Co. Ltd, Shanghai Kangning Medical Device Co. Ltd, roupe Sebbin SAS, etc.

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